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The SBA Does Not Guarantee Loans on Mixed Use Properties

Today a C-Loans user wrote to us that C-Loans was totally worthless and a waste of his time.  He had applied for an SBA loan on a mixed use property, and he was immensely frustrated when the C-Loans system could not suggest a single suitable commercial lender. A mixed use property is one that has both a commercial component and a residential component.  The most common example can be found in inner cities, where there will be a storefront on the ground floor and maybe one or two apartment units on top.  The reason why no commercial lenders appeared for this frustrated user is because the SBA does not guarantee loans on mixed use properties. Mixed use properties are classified as investment properties, and the SBA is not chartered to help investors become more wealthy.  Instead the SBA is chartered to help small businesses grow and hopefully hire more workers. You can find scores of SBA lenders on C-Loans for owner-user properties, such as industrial buildings and office buildings.    9 application/xml false commercial construction lender commercial construction loan commercial financing commercial loan commercial mortgage commercial real estate loan mezzanine lender mezzanine loan preferred equity SBA loans C-Loans Commercial Mortgage Lender Databank Find Scores of SBA Lenders Using C-Loans http://www.c-loans.com/onlineapp Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 johngaudio 216.87.92.57 false true false false true 198508 false false true false false false true 78777 blog blogsite/CLoans/web